UK-registered businesses can apply for a share of up to £2million for this competition. This funding is for the purpose of developing innovative proposals with South Korea.
Innovate UK, part of UK Research and Innovation, will invest up to £2 million in innovation projects in partnership with the Korea Institute for Advancement of Technology (KIAT).
The aim of this competition is to fund collaborative research and development (CR&D) projects focused on industrial research. Your proposal must include at least one partner from the UK and one partner from South Korea.
The projects we fund are expected to result in a new product, industrial process or service, be innovative, involve a technological risk, and have high market potential in the participating countries.
Your project must focus on one or more of the following sectors:
Your project must:
UK project partners must carry out the majority of their project work in the UK and intend to exploit the results from or in the UK.
The consortium must include at least one business registered in South Korea that is a separate, non-linked entity.
All businesses in a consortium must be separate legal and non-linked entities. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company.
Projects should have a balanced contribution of the total eligible project costs among the partners from the participating partner countries. No more than 70% of the total project costs can be claimed by any single partner or by all partners from a single participating country.
The aim of this competition is to fund collaborative research and development (CR&D) projects focused on industrial research.
Your project must demonstrate:
We want to fund a portfolio of projects, across a variety of technologies and sectors.
Your project must focus on one or more of the following sectors:
-ai.png)
